Business
AMP shareholder revolt dooms De Ferrari – The Australian Financial Review
After the market and Francesco De Ferrari himself were blindsided by news of his impending departure, it has emerged that shareholders frustrated at the slow pace…
Shares in AMP were freely traded in NZ for two hours before the company issued a clarifying statement on Friday morning to the ASX, which had halted trade in AMP shares for the second time in two days, that the board was discussing the potential departure of Mr De Ferrari.
The board of the 172-year-old company met three times this week to discuss company governance and the impending end of the 30-day exclusivity agreement between AMP and US-based Ares Management to complete a joint venture plan…
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